India, Sept. 1 -- After moving moderately lower over the two previous sessions, stocks showed a more significant move to the downside during trading on Tuesday. The major averages all moved notably lower, with the tech-heavy Nasdaq leading the way.

The major averages ended the day off their lows of the session but still firmly negative. The Nasdaq slumped 271.11 points or 1 percent to 26,099.77, the Dow slid 419.02 points or 0.8 percent to 52,766.88 and the S&P 500 fell 54.67 points or 0.7 percent to 7,631.47.

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